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403 North 19th Avenue

Uri Gamal Purchases Multifamily Property From Mendel Steiner For $2 Million In Hollywood
SOLDMultiFamily

Uri Gamal Purchases Multifamily Property From Mendel Steiner For $2 Million In Hollywood

403 North 19th Avenue & 1927 Taylor Street

$2,000,000

$211/SF

Building Size

9,450 SF

Asset Type

MultiFamily

Closing

Feb 26, 2026

AI

The property asset involved in this transaction is a multifamily building located at 403 North 19th Avenue & 1927 Taylor Street in the Hollywood market. The sale price for the property was $2,000,000, encompassing a total of 28 units. The property has a total square footage of 9,450, resulting in a price per unit of $71,428 and a price per square foot of $211.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Units: 28
  • Square Footage: 9,450
  • Price Per Unit: $71,428
  • Price Per Square Foot: $211
  • Buyer: Uri Gamal
  • Seller: Mendel Steiner
  • Broker: Elior Levi - Fausto Commercial Realty Consultants

The key individuals involved in this transaction include the buyer, Uri Gamal, and the seller, Mendel Steiner, who successfully completed the sale represented by the broker Elior Levi from Fausto Commercial Realty Consultants, facilitating the entire process of this multifamily property deal.

Players

Elior Levi

Fausto Commercial Realty Consultants

Broker

$100.9M

vol

38 deals

Broker

Mendel Steiner

Seller

$12M

vol

3 deals

Seller

Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93